Question: Consider the data shown in the table. Assume that the economy produces only textbooks. What is the nominal GDP for last year? Last year

Consider the data shown in the table. Assume that the economy produces only textbooks. What is the nominal

Consider the data shown in the table. Assume that the economy produces only textbooks. What is the nominal GDP for last year? Last year This year Textbooks Actual Sold Price 5,000 5,250 O $275,625 $262,500 $288,750 $250,000 $50 $55

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